Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2013

The following tables summarize stock option activity during the six month period ended June 30, 2013:


	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Average Intrisic Value
Outstanding at January 1, 2013		433,000		$	3.60
Granted		—			—
Exercised		(5,000	)		0.90
Forfeited		(100,000	)		5.20

Outstanding and exercisable at June 30, 2013		328,000		$	3.16		2.9 years	$	428,320

Summary of Share Based Compensation Option Unvested

A summary of the status of the Company’s unvested options as of June 30, 2013 and changes during the six month period ended June 30, 2013 is presented below:


	Shares			Weighted Average Grant Date Fair Value
Unvested at January 1, 2013		8,000		$	1.28
Granted		—			—
Vested		(8,000	)		1.28
Forfeited		—			—

Unvested at June 30, 2013		—		$	—

Summary of Restricted Share Activity

A summary of the status of the Company’s restricted share activity follows:


	Shares			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2013		312,501		$	3.39
Granted		167,500			2.96
Vested		(105,504	)		(3.29	)
Forfeited		—			—

Nonvested at June 30, 2013		374,497		$	3.23